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Press Release: Best FX Awards 2017 - Providers and Corporate

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November 17, 2016

NEW YORK, November 16, 2016 — Global Finance magazine has named its seventeenth annual World's Best FX Providers in 93 countries and seven global regions, as well as the best banks for corporate currency hedging, the best online FX platforms and the best providers of FX research in an exclusive survey to be published in the January 2017 issue.

For the first time, Global Finance has also named its Corporate FX Awards honorees, covering Foreign Exchange management in four global and seven regional categories.

Criteria for the Corporate FX Awards included clearly defined risk management policies, handling of crisis situations, measurement of FX exposure, and cost of hedging. The main objective of FX risk management is to minimize losses, and not to seek profit from currency movements.

"The global turmoil of recent years shows no signs of abating, with dramatic incidents such as the UK's Brexit vote or the US election of Donald Trump having major impact on currencies. The winners of these awards have been successful in navigating these minefields." said Joseph D. Giarraputo, publisher and editorial director of Global Finance.

The complete list of Global Finance's World's Best FX Providers and the Best Corporate FX Awards 2017 can be found on the following pages.

Global Finance, founded in 1987, has a circulation of 50,050 and readers in 180 countries. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Global Finance also targets the 8,000 international portfolio investors responsible for more than 80% of all global assets under professional management.

Its website — GFMag.com — offers analysis and articles that are the heritage of 29 years of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world. Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.